|
REPORT ABUSIVE REPLY
|
|
Message Subject
|
GM makes record profits in 2011. Are you serious? 7.6 billion
|
|
Poster Handle
|
Anonymous Coward |
|
Post Content
|
Has GM paid back the taxpayer bailout money from 2008?
Quoting: Anonymous Coward 9720175 Here is what it says in the link...but I don't really understand....you? "GM has repaid loans it received, and the Treasury got most of the proceeds of its record initial public offering in November 2010. But Treasury still holds about a third of the company's shares, which are trading below its IPO price, and GM has yet to return $25.5 billion of the money it received." It means they've paid back some of the money. Much of that outstanding $25B debt was loans to the former GMAC, the car loan arm of General Motors. It's called Ally financial now.
|
|
|
Please verify you're human:
|
|
|
Reason for reporting:
|
